On July $1,2023,$ Pharoah Ltd$.$ received a loan from its bank for $15,000$ bearing interest at $6\%.$ The loan is payable in two annual ninstalments of$8,182$ principal and interest on June $30$ each year. The company records adjusting journal entries annually at year end non December $31.$ n$($a$)$ nPrepare an instalment payment schedule for the term of the loan. $($Round answers to $0$ decimal places, e$.$g$.5,255.)$ nAnnual nInterest nPeriod nCash Payment nInterest Expense nReduction of Principal nPrincipal Bal nJuly $1,$ n$2023$ nJune n$30,$ n$2024$ nJune n$30,$ n$2025$ On July $1,2023,$ Pharoah Ltd$.$ received a loan from its bank for $ $15,000$ bearing interest at $6$ On October $1,2024,$ Sandhill Corporation issuad $$590,000$ of $10-$year, $4\%$ bonds at $100.$ Intarest is payable sami$-$annually on October

$1$ and April $1$ Sandhill's year end is December $31$ and the compary records adjusting antrias annually.

$($a$)$

Prapare journal antriss to record the following: $($Credit account titles are automatically indented when the amount is entered. Do not

indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles

and enter $0$ for the amounts. List all debit entries before credit entries.

The issua of the bonds on October $1,2024.$

The accrual of interast on December $31,2024.$

The payment of interast on April $1,2025.$

$2024$

$2025$

a Teutbogk and Medla